Definition
Vacancy rate measures how much of a portfolio is currently un-leased. Days-on-market is the related metric for how quickly vacancies fill, and the two together say whether a problem is pricing or process.
Vacancy rate measures how much of a portfolio is currently un-leased. Days-on-market is the related metric for how quickly vacancies fill, and the two together say whether a problem is pricing or process.
A 50-unit building with three vacant units has 6% vacancy. At $1,800 rent, each vacant unit costs roughly $59 a day.
Vacancy is usually the largest controllable loss in a portfolio, and it is charged by the day. That is why a small price concession or a same-day inquiry response almost always beats holding out for the asking rent.
Measure days-on-market from the day the unit became available, not the day you got around to listing it. Separate market vacancy from units held for renovation. Watch inquiry-to-tour and tour-to-application rates — they tell you whether the price or the process is at fault.
Excluding renovation units without disclosure, restarting days-on-market when a listing is re-posted, and treating vacancy as a market condition when the real cause is slow response to inquiries.
Additional rent means charges beyond base rent that the lease enforces as rent. What it covers, why the label matters, and how to bill it.
Applicant screening verifies credit, income, rental history and references. How uniform criteria work and where fair-housing risk sits.
Cap rate is net operating income divided by value. How to calculate it, what it tells you, and where the number gets distorted.
CAM is a commercial tenant's pro-rata share of shared-space costs. How estimates, reconciliation and caps work in practice.
Delinquency is the state of being past due on rent. How aging buckets, late fees and escalation work without heading straight to eviction.
Escrow is money held by a third party until a condition is met. What it means for deposits, rent disputes and closings.
$49/month includes 5 units, then per-unit pricing that drops as you grow. Optional modules are billed separately and must be added deliberately.
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